Mortgage FHA MIP Calculator

FHA charges UFMIP at closing + annual MIP for life of loan (or 11 years if 10%+ down).

Loan amount

UFMIP %

Annual MIP %

Down payment %

Total MIP first year

$6,900

UFMIP amount

$5,250

Monthly MIP

$138

How the math works

UFMIP = loan × 1.75%. Annual MIP = loan × 0.55%/yr. Monthly = annual / 12.

$300k × 1.75% = $5,250 UFMIP + $1,650 annual = $6,900 first year. Monthly $137.50.

How to Use

Enter loan amount.
Enter ufmip %.
Enter annual mip %.
Enter down payment %.
Read total mip first year.

Frequently Asked Questions

FHA MIP structure?

UFMIP: 1.75% of loan amount, paid at closing or financed. Annual MIP: 0.55% (most loans, <90% LTV) or 0.85% (>95% LTV). Charged for life of loan if <10% down at origination. 11-year MIP if ≥10% down at origination. To remove: refinance to conventional once LTV ≤80%. UFMIP refundable on FHA-to-FHA refi within 36 months (sliding scale, 80% in month 1 to 0% at month 36). Compare FHA + MIP vs conventional + PMI for best total cost.

How does this debt analysis fit a workout strategy?

Workout, default, and recapitalization decisions depend on the gap between in-place debt and current asset value. Lenders evaluate cure cost, foreclosure timeline + cost, broker price opinion (BPO), and borrower equity. Borrowers evaluate equity in the property, refinance feasibility, and forbearance economics. This calculator provides one input to that multi-factor decision.

Discounted payoff (DPO) vs forbearance vs deed in lieu?

DPO: lender accepts less than full balance to avoid foreclosure cost, common with non-recourse and underwater assets. Forbearance: payment deferral 6–18 months, balance accrues, useful when value will recover. Deed in lieu: borrower transfers title to lender, faster than foreclosure but lender takes full risk. DPO often best when borrower has new capital + lender wants quick exit.

Special servicing dynamics?

CMBS loans transfer to special servicer at default or maturity default. Special servicer compensation aligns with workout, but timeline is 6–24 months and fees stack ($25–250k+ in costs). Whole-loan and balance-sheet lenders move faster but with less flexibility. Bridge and debt fund lenders most flexible. Time-to-resolution and total friction cost should be weighted in any borrower scenario.